Schuldt – +/-421.24 Surveyed Acres of Colman & Lynn Twp, Moody Co., SD Land

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Auction Description:

Schuldt – +/-421.24 Surveyed Acres of Colman & Lynn Twp, Moody Co., SD Land
Date/Time: October 1 @ 10:00 am
Location: Near Colman, SD

ESTATE MULTI-PARCEL ACREAGE & LAND AUCTION: https://www.suttonauction.com/wp-content/uploads/2026/09/Schuldt-Land-2026-Brochure.pdf

+/- 481.24 Surveyed Acres of Colman & Lynn Township, Moody County, SD Land – To be Offered as an Acreage Site and Various Parcels of Cropland & Pasture

The Heirs of Lloyd and Bernice Schuldt will offer the following real property at auction, with the auction of Both Farm #1 & Farm #2 to be held “On Site” at or nearby to FARM #1 with the farmstead at 46941 237th St., Colman, SD; or located from Colman, SD (Jct. of Hwy’s. #34 & 470th Ave./Co. Hwy.) – 2 miles south on 470th Ave. and ½ mile west on 237th St.; or from the Trent Exit #104 on I-29 – 2 ½ miles west on 240th St., 3 miles north on 470th Ave. and ½ mile west on 237th St.

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FARM #1: 241.20 Surveyed Acres – LEGAL DESC.FOR THE PROPERTY IN ITS ENTIRETY: The NW¼ and the N½ SW¼ of Sec. 34, T. 106N., R. 50 W., (Colman Twp.), Moody County, SD – Containing +/-241.20 Surveyed Acres M/L. – To be Offered as Parcel #1 – The +/-5.87 Acre Improved Acreage Site; Parcel #2 +/-114.78 Acres of Primarily Tillable Cropland situated on the North End of the Farm; Parcel #3 – +/-47.90 Acres of Pastureland running east & west in the center of the farm; Parcel #4 – +/-72.65 Acres of Primarily Tillable Cropland located in the south end of the farm in the N½ SE¼ ; or in Combinations of Parcel #1 & #2 – +/-120.65 Acres – The Acreage Site & Adjacent Cropland; Parcels #2 & #3 – +/-162.68 Acres of Cropland & Pasture; Parcels #3 & #4 – +/-120.65 Acres of Cropland and Pasture; Parcels #2, #3 & #4 – +/-235.33 Acres of Cropland & Pasture or as Parcels #1, #2, #3 & #4 – the Entire +/-241.20 Acre Unit.

Farm #1 will be Offered in a variety of parcels suitable for the acreage prospect, livestock producer, row crop operator or the crop/livestock producer. Parcel #1 consists of a total of +/-5.87 surveyed acres with an older fixer-upper/remodelable home and other existing site improvements, which could be a very desirable rural construction site, if a buyer should desire to remove the existing home and utilize the site for a future construction for a new home. The existing improvements on the acreage site (Parcel #1) consist of a “fixer upper” home with a single story addition and the original 2 story home, with the main floor comprised a north front entry to a one story addition which originally was utilized as a in home beauty parlor and most recently as living space, with one room utilized as a living/family room w/coat closet and a main floor laundry area inclusive of a Frig. Top load washer and elec. clothes dryer and an adjacent second room most recently utilized as a bedroom that is inclusive of some built-in cabinets and a beautician’s head washing sink; the main level of the Original Home consists of dining room with a vinyl clad bay window and a ceiling fan, a living room or potential bedroom w/ceiling fan, a bedroom with a small closet, a small bath w/shower and adjacent basement access, a kitchen w/oak cabinets and inclusive of a Whirlpool side by side refrig. w/bottom freezer and a Magic Chef elec. stove and a southwest back entry w/concrete floor; the 2nd story of the home has 4 bedrooms w/closets; the original home has a stone foundation and the addition has a concrete block foundation and there is a concrete floor throughout; the basement also includes an LP gas furnace w/AC, a 40 gal. LP gas water heater, breaker electrical service and a Big Sioux water service entrance & meter. The home has mostly all vinyl clad replacement windows, vinyl siding and asphalt shingles – The home is in need of a substantial amount of updating and/or repair; other improvements include – a Cleary colored steel clad machine shed (approx. 40’x56’, an older steel grain bin and other incidental site improvements and established trees and lawn. The farmstead serviced by Sioux Valley Rural Electric and Big Sioux Community Rural Water and is in the Colman-Egan School District. According to FSA information, this property as a whole has approx. 233.44 acres of Farmland with approx. 180.15 acres of cropland, with the remaining acres being utilized as part of the acreage building site, pasture, lowland pockets, drainage and roads; with a total of 173.95 FSA base acres comprised of a 173.95 acre corn base with a 130 bu. PLC yield. The general topography of this land is gently rolling to rolling. According to Moody County Assessor’s information this parcel has a soil rating of a .679; comparatively information obtained from Surety Agri-Data Inc. indicates this parcel as a whole has a Productivity Index of a 72.5 with higher mostly Class I, II soils on the cropland acres and lower quality soils in the pasture, lowland and drainage. There has been a Certified NRCS Wetland Determination completed on the cropland acres of this farm. As a whole the 2025 RE Taxes payable in 2026 were $6,938.66. As individual parcels this property could provide a well located acreage site – either with a fixer upper home or as a rural construction site with other existing site improvements and utilities in place, and/or parcels with cropland and pasture, or as a combined unit this farm in its entirety could serve as a nice crop/livestock farm.

FARM #2: +/-240.04 Surveyed Acres – LEGAL DESC.: The NE¼ and the N½ SE¼ of Sec. 8, T. 105N., R. 50W. (Lynn Twp.), Moody County, SD – Containing a Total of 240.04 Acres M/L. – Located from the NW Corner of Farm #1 (Jct. 237th St. & 469th Ave. – 1 mile west on 237th St. and 2 miles south on 468th St. to the NE Corner of Farm #2 at the Jct. of 239th St. & 468th Ave.; or located from Colman, SD (Jct. Hwy’s #34 & 470th Ave.4 miles south on Co. Hwy. (470th Ave.) and 2 miles west on 239th St.

The Auction of Farm #2 will at the Site of Farm #1. This Surveyed +/-240.04 Acre Farm will be Offered in its entirety as a unit. According to FSA information, this property as a whole has approx. 237.70 acres of Farmland with approx. 204.02 acres of cropland, with the remaining acres being comprised of lowland slough acres, drainage and roads; with 192.65 FSA base acres, all of which are comprised of a 192.65 acre corn base with a 130 bu. PLC yield. The general topography of this land is gently rolling to rolling. According to Moody County Assessor’s information this parcel has a soil rating of a .595; comparatively information obtained from Surety Agri-Data Inc. indicates this parcel as a whole has a Productivity Index of a 68.3 with higher mostly Class I, II soils on the cropland acres and lower quality soils in the slough, lowland and drainage areas. There has been a Certified NRCS Wetland Determination completed on this farm. The total amount of the 2025 RE taxes payable in 2026 on this property were $4,540.02.

TERMS: Cash – A 10% nonrefundable downpayment on the day of the sale with the balance on or before December 15, 2026, with Fall tillage privileges subsequent to the harvest of the 2026 crops and full possession at closing for the 2027 crop year. Marketable Title will be conveyed and an owner’s title insurance policy will be provided with the cost of the owner’s policy to be divided 50-50 between the buyer(s) and sellers. The Closing Agents Fee – Nelson & Ericsson Law will be pdivided 50-50 between the buyer(s) and sellers. All of the 2025 RE taxes payable in 2026 will be paid by the sellers; additionally, all of the 2026 RE taxes payable in 2027 will be paid by the sellers. The total acres being sold are being sold in accordance with the acres as determined by a recent survey as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the purchaser(s) pursuant to SD Law. FSA cropland, yields, bases & other information is estimated and not guaranteed and are subject to county committee approval. Information contained herein is deemed to be correct but is not guaranteed. This property is sold in “AS IS” CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Moody County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the seller. Sold subject to confirmation of the owners.

HEIRS OF LLOYD & BERNICE SCHULDT, Owners
Richard L. Ericsson – Nelson & Ericsson Law Firm – Madison, SD – Attorney & Closing Agent for the Owners

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
JARED SUTTON, CAI – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527
WAYNE BESSMAN – RE Auctioneer – Madison, SD – ph. 605-270-4980,
DEAN GULBRANSON – RE Auctioneer – Madison, SD ph. 605-695-0133
GAGE GULLICKSON – Auctioneer & RE Broker, Assoc. – Flandreau, SD – ph. 605-651-3867

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